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88e market cap is now over 1.2 billion. Absolutely ridiculous. Hyped up by yolo investors. Even the brokers rated it at 2.8p based on drill being a success. If thats the value of 88e the UOG should be worth billions. Thing is 88e is available on more indexes such as the asx in Australia and otc gives the stock a lot more attention. As far as im aware UOG is only available on london stock
Exchange. Correct me if I am wrong.
One of the first stocks I bought was 88 energy just over a year and a half ago. I didn’t have a clue about investing back then and on Friday I sold because I didn’t want to lose out if they fail there drill for the 4th or 5th time. The track record is terrible yet lately it has been hyped and pumped all over social media and the share price has rocketed. I believe I am a value investor and am disappointed how that stock can do so well after zero success in drills yet UOG has had lots of success regarding drills and is still very much underpriced when I compare the two. I have been invested in UOG from when it was 3 pence and am very confident in its success over the next few year especially with how oil prices have recovered. I will be looking to increase my position if the share price continues to fall.
Sold mine. Seems a good selling price considering the limited upside and the company is yet to turn over a profit. Also Biden is causing a lot of problems as 88e has already experienced, cannot see things getting any better with his policies. One less thing to worry about for me.
What do you guys make of 88 energy. Be nice to have an unbiassed opinion. I know both companies are drilling in close proximity. Personally I think 88 energy has been a disaster up until now. There 4th or 5th major drill is now underway. I have a small amount invested and am debating on getting out before the drill results. I am already doing well out of oil with United oil and gas and I don’t want to spoil it with another failure by 88 energy.
Now that it has come down to the wire, when I sum up this company that I invested a small amount in in my earliest days of buying shares I come to the conclusion that this is a joke of a company with 100% record of fail when it comes to drilling oil and I am not at all comfortable to have my money invested in these jokers. Think I will cash out tomorrow. On the bright side I have doubled my money with United oil and gas. This seems a quality company that is going places, the exact opposite of what 88e has been. I encourage you all to take a look at it. Still plenty of upside. Well worth a look.
Would love to hear your predictions on where the price could fall if this drill was to fail. I doubled up on my investment when the price hit 0.25
I am happy to hold because I believe the potential reward outweighs the risk. With oil prices rising this time around goes in 88 energys favour. I fear if the drill fails that the share price may fall by 2 thirds. But if this scenario happened would anyone see a way back for 88e then? It seems all or bust for me. I know the previous drill didn’t require there own funding and was backed by the farm in partner but 88e are covering more costs this time round making them more vulnerable if the drill fails. Does anyone have a plan incase of drill failure?
As it stands it is 136.032 to buy on 212 and 135.568 to sell. On HL its 135.80 to sell and 136 to buy. Half a penny to a fifth on a penny difference. HL is better value but would have to buy thousands worth to make it worth while with the 12£ buy and 12£ sell fee.
Thanks for that info jts13 I will bare that in mind and keep a closer lookout at the spreads. I find the spreads particularly bad on small cap stocks with 212 but not so bad with higher cap. I am currently 20£ up on 212 with UKW. I seem to make money much faster on 212 but only been investing hundreds as of yet. I have 3000£ in BP but thats on HL yet it was bought in 5 tranches so spent a lot on fees. I love the option of 212. I like HL for the larger variety of stocks.
Great to see so many substantial director deals. I think this is a slow but progressive riser that will pay off longterm. Its a good quality company with rising demand for the product and has a continuous record of growth and dividend payments. To me it seems to have many fundamentals of a warren buffet buy. I have decided to double my holding to 600£
Yeah, shorts are up 0.11% again by marshall wace, i dont know where they are getting confidence from that the share price will fall. It’s annoying because theres little news available. Very hard to make a judgment. Indivior have said lawsuit is without merit, they denied the last lawsuit. Although we have a new CEO who deserves a chance.
Until this lawsuit gets dismissed I think its bit of a risk for little reward, say if the lawsuit is dismissed the share price was above £1.30 so maybe likely to go back to around that figure, i sold my entire holding today, I originally bought in when it was below 40p last year. I dont want to jeopardise what has been my greatest investment. I would however be interested in buying back in depending how the state of affairs plays out. I will keep a close eye on this one. The final straw was seeing that first short position appear by marshall wace. I feared it could be a while until positive news comes out regarding the lawsuit and that the price may slide.
I think the prices this stock fell to in march were an absolute steal, i can see why there was ‘v’ shape pattern. The current price to me seems very attractive. It wasnt since early February 2019 prices were at these levels. This is 2 years on with company growth, continuous dividends, big director buys, good cashflow, big global plans to switch the renewables, the list goes on. I cannot see this going any lower than £1.25
I noticed this stock moves similarly to the ‘TRIG’ stock, they has a bad reaction to there equity raise plans today. It probably dragged UKW down a little. I first Invested in ukw at 133 then 132. I may buy some more this week.